TITLE

Does It Take an Economic Village to Raise an Ethical Company?

AUTHOR(S)
Weber, James
PUB. DATE
May 2005
SOURCE
Academy of Management Executive;May2005, Vol. 19 Issue 2, p158
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article focuses on the findings of a study on the effectiveness of the U.S. Sarbanes-Oxley Act as a regulatory ethics law. Financial officers felt that market stakeholders actually had more influence regarding ethics and their use of the company ethics code than did non-market stakeholders. The study found that the pressure exerted by market stakeholders provided the strongest influence in terms of convincing executives to obey the rules and guidelines found in their company's code of ethics. The also found that pressure to adopt a code of ethics was greatest for executives when they saw that doing so would lead to the creation of an ethical culture in the company and would promote a positive public image.
ACCESSION #
16965352

 

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